Next week's macroeconomic outlook: Markets focus on the Fed Chair nominee; GDP data to test the "results" of the Fed's rate cuts.

According to Mars Finance, on December 21st, with the Christmas season approaching, US stocks will close early on Wednesday and be closed all day on Thursday. Market focus is on whether Trump will announce his nominee for Federal Reserve Chair during the Christmas period. Currently, Kevin Hasset, Director of the National Economic Council, has a significantly higher probability of becoming the next Fed Chair, at approximately 54%, followed by former Fed Governor Kevin Warsh with about 21%, and Fed Governor Christopher Waller with about 14%. Key macroeconomic events and data for next week are as follows: Tuesday: US Q3 real GDP annualized quarter-on-quarter preliminary reading; US Q3 real personal consumption expenditure quarter-on-quarter preliminary reading; US Q3 core PCE price index annualized quarter-on-quarter preliminary reading; Wednesday: Bank of Canada releases monetary policy meeting minutes; US initial jobless claims for the week ending December 20; Thursday: Bank of Japan Governor Kazuo Ueda delivers a speech at the Japan Business Federation; Japan's November unemployment rate; Market Closure Reminder: Hong Kong Stock Exchange will have a half-day session on Wednesday, while the New York Stock Exchange will close early at 02:00 Beijing time on the 25th; US stock markets will be closed on Thursday for Christmas.